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NEW YORK ( TheStreet) -- Kinross Gold Corporation (NYSE: KGC) hit a new 52-week low Wednesday as it is currently trading at $9.89, below its previous 52-week low of $9.96 with 9.9 million shares traded as of 11:05 a.m. ET. Average volume has been 7.7 million shares over the past 30 days. Kinross has a market cap of $12.04 billion and is part of the basic materials sector and metals & mining industry. Shares are down 4.3% year to date as of the close of trading on Tuesday. Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It is also involved in the exploration and acquisition of gold bearing properties. The company has a P/E ratio of 25.4, above the average metals & mining industry P/E ratio of 13.4 and above the S&P 500 P/E ratio of 17.7.